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Deadline passes for Suite101 takeover by Blue Frogg to spin online writer community into new entity

News | 05/16/2002 4:00 am EDT
Salt Lake City-based Blue Frogg will not follow through on its option to purchase the assets of Suite101.com for US$155,000 and give the writers community a new lease on life after being spun out from its parent corporation (CNM, Jan. 23/02). The final date to exercise its option was May 15. Blue Frogg had already paid installments of US$15,000 and US$30,000 to Suite, and was to decide whether to add Suite101 to its growing stable of web properties including E-How, Delphi Forums, and IdeaExchange.

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